Eastern Asia: Market for Tube Or Pipe Fittings Of Non-Malleable Cast Iron 2020

Market Size for Tube Or Pipe Fittings Of Non-Malleable Cast Iron in Eastern Asia

The East Asian market for tube or pipe fittings of non-malleable cast iron expanded to $X in 2019, with an increase of X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, the market attained the peak level in 2019 and is likely to see steady growth in the immediate term.

Production of Tube Or Pipe Fittings Of Non-Malleable Cast Iron in Eastern Asia

In value terms, non-malleable cast iron pipe fittings production rose remarkably to $X in 2019 estimated in export prices. The total production indicated a remarkable increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% year-to-year. The level of production peaked in 2019 and is likely to see steady growth in the near future.

Production By Country in Eastern Asia

China (X tons) constituted the country with the largest volume of non-malleable cast iron pipe fittings production, accounting for X% of total volume. It was followed by Japan (X tons), with a X% share of total production.

From 2007 to 2019, the average annual rate of growth in terms of volume in China totaled +X%.

Exports of Tube Or Pipe Fittings Of Non-Malleable Cast Iron

Exports in Eastern Asia

In 2019, the amount of tube or pipe fittings of non-malleable cast iron exported in Eastern Asia expanded to X tons, picking up by X% against the previous year's figure. Total exports indicated a measured expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2009 indices. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, exports hit record highs in 2019 and are likely to see steady growth in the immediate term.

In value terms, non-malleable cast iron pipe fittings exports rose significantly to $X in 2019. In general, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. The level of export peaked in 2019 and is expected to retain growth in years to come.

Exports by Country

In 2019, China (X tons) was the key exporter of tube or pipe fittings of non-malleable cast iron in Eastern Asia, constituting X% of total export.

China was also the fastest-growing in terms of the tube or pipe fittings of non-malleable cast iron exports, with a CAGR of +X% from 2007 to 2019. While the share of China (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest non-malleable cast iron pipe fittings supplier in Eastern Asia.

In China, non-malleable cast iron pipe fittings exports expanded at an average annual rate of +X% over the period from 2007-2019.

Export Prices by Country

In 2019, the export price for tube or pipe fittings of non-malleable cast iron in Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, export prices hit record highs in 2019 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for China.

From 2007 to 2019, the rate of growth in terms of prices for China amounted to +X% per year.

Imports of Tube Or Pipe Fittings Of Non-Malleable Cast Iron

Imports in Eastern Asia

In 2019, supplies from abroad of tube or pipe fittings of non-malleable cast iron increased by X% to X tons, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2019 and are expected to retain growth in years to come.

In value terms, non-malleable cast iron pipe fittings imports rose sharply to $X in 2019. Total imports indicated buoyant growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2019 and are expected to retain growth in years to come.

Imports by Country

Taiwan, Chinese (X tons) and Japan (X tons) represented roughly X% of total imports of tube or pipe fittings of non-malleable cast iron in 2019. It was distantly followed by China, Hong Kong SAR (X tons), comprising an X% share of total imports. China (X tons) and China, Macao SAR (X tons) took a minor share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Taiwan, Chinese, while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Taiwan, Chinese ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2019, together comprising X% of total imports.

Taiwan, Chinese recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the import price for tube or pipe fittings of non-malleable cast iron in Eastern Asia amounted to $X per ton, surging by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011 when the import price increased by X% y-o-y. As a result, import price reached the peak level of $X per ton. From 2012 to 2019, the growth in terms of the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was China ($X per ton), while China, Hong Kong SAR ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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